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The Economic Approach to Personality, Character and Virtue
Heckman, James J.; Galaty, Bridget; Tian, Haihan - 2023
This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...
Persistent link: https://www.econbiz.de/10014344377
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Tapping into Talent : Coupling Education and Innovation Policies for Economic Growth
Akcigit, Ufuk; Pearce, Jeremy; Prato, Marta - 2020
How do innovation and education policy affect individual career choice and aggregate productivity? This paper analyzes … about the links between talent, higher education, and innovation. We use these facts to calibrate the model and study … when combined with higher education policy that alleviates financial frictions for talented youth. Education and innovation …
Persistent link: https://www.econbiz.de/10014093497
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Parental Education and Invention : The Finnish Enigma
Aghion, Philippe; Akcigit, Ufuk; Hyytinen, Ari; … - 2023
Why is invention strongly positively correlated with parental income not only in the US but also in Finland which displays low income inequality and high social mobility? Using data on 1.45M Finnish individuals and their parents, we find that: (i) the positive association between parental income...
Persistent link: https://www.econbiz.de/10014255610
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Intergenerational Transmission of Family Influence
Eshaghnia, Sadegh S. M.; Heckman, James J.; Landersø, … - 2022
This paper studies intergenerational mobility—the transmission of family influence. We develop and estimate measures of lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life-cycle trajectories, uncertainty, and credit constraints....
Persistent link: https://www.econbiz.de/10014078034
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Maximum Impact Intergenerational Associations
Eshaghnia, Sadegh S. M.; Heckman, James J.; Landersø, … - 2023
This paper presents a new approach to measuring the intergenerational transmission of well-being and a novel perspective on which measures and what age ranges to use to estimate intergenerational social mobility. We select the measures and the age ranges that best predict important human capital...
Persistent link: https://www.econbiz.de/10014358886
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Who Benefits from Remote Schooling? Self-Selection and Match Effects
Bruhn, Jesse; Campos, Christopher; Chyn, Eric T. - 2023
We study the distributional effects of remote learning. Our approach combines newly collected data on parental preferences with administrative data from Los Angeles. The preference data allow us to account for selection into remote learning while also studying selection patterns and treatment...
Persistent link: https://www.econbiz.de/10014346462
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Parenting Promotes Social Mobility within and Across Generations
García, Jorge Luis; Heckman, James J. - 2022
This paper compares early childhood enrichment programs that promote social mobility for disadvantaged children within and across generations. Instead of conducting a standard meta-analysis, we present a harmonized primary data analysis of programs that shape current policy. Our analysis is a...
Persistent link: https://www.econbiz.de/10014237461
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Measuring Knowledge
Heckman, James J.; Zhou, Jin - 2022
early childhood intervention program that measures knowledge of narrowly defined skills on essentially equivalent subsets of … detailed knowledge measures. We reject the hypothesis of aggregate scale invariance and call into question the uncritical use …
Persistent link: https://www.econbiz.de/10013290073
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The Patent Troll : Benign Middleman or Stick-Up Artist?
Abrams, David - 2019
How do non-practicing entities (“Patent Trolls”) impact innovation and technological progress? We employ unprecedented … innovation drops when patents are acquired by NPEs. Quantitatively, the overall impact of NPEs depends on the share of …
Persistent link: https://www.econbiz.de/10012889775
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Taxation and Innovation in the 20th Century
Akcigit, Ufuk - 2018
This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth … neighboring counties in different states. We find that taxes matter for innovation: higher personal and corporate income taxes …. Agglomeration effects from local innovation clusters tend to weaken responsiveness to taxation. Corporate inventors respond more …
Persistent link: https://www.econbiz.de/10012911035